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Trade Name Registration

Applications for obtaining a trade name must be submitted prior to proceeding with license issuance formalities, as the granted trade name would be processed at a later date under full legal and artificial capacity. To apply for obtaining a trade name the relevant regulations have to be understood:

• The name of the partnership shall be composed of the names of all partners, yet its name may merely reflect one or more names of its partners in addition to a notation indicating the presence of partnership. Moreover, it is permitted to have a special trade name. In the event the company’s name included the name of a person who is not a partner to the partnership, with the knowledge of that person, the latter shall be jointly liable for the partnership’s obligations.
• The name of the limited partnership company shall be composed of one or more names of its joint partners in addition to a notation indicating the presence of this company. Moreover, it is permitted to have a special trade name. Nevertheless, it is not permitted to list the limited partner’s name in the company’s name otherwise; listing the name of such partner with his knowledge shall deem the latter a joint partner before non-bona fide entities.
• The name of each public shareholding company shall be derived from its activity, as it is not permitted to use the name of a natural person unless the purpose of the company was to invest in a patent that is registered under that person’s name, or if the company, upon its inception and thereafter, owned a store and used its name as its own. In all cases, however, the term “public shareholding company” must be attached to its name. The public shareholding company shall not operate with the name of any other company or similar name, otherwise, that other company may apply to the competent administrative or judicial entity requesting the company, which used its name, to change it.
• The name of the limited liability company shall be derived from its activity or from one or more names of its partners in addition to a notation indicating its status as a limited liability company together with stating its capital. If the directors failed to observe the above provision, their liability would extend to their own funds over and above their joint liability for the company’s obligations in addition to compensations.
• The name of the limited shareholding company may be composed of one or more names of its joint partners. It is permitted to have a creative name indicating or derived from its activity. Nevertheless, it is not permitted to list the shareholding partner’s name in the company’s name, otherwise; listing the name of such partner with his knowledge shall deem the latter a joint partner before non-bona fide entities.
• In all cases, however, the term “shareholding company” must be attached to the company’s name.
• The trade name must contain an abbreviation depicting the legal status of the establishment, such as (WLL or LLC).

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